Why stopping the next financial crash is an impossible dream

The boom and bust cycle is here to stay

Stock exchange
(Image credit: (Bettmann/CORBIS))

Robert Shiller, who shared 2013’s Nobel Prize for Economics, is worried about the financial system, and wants to see measures taken to prevent future crashes:

Just as most people are more interested in stories about fires than they are in the chemistry of fire retardants, they are more interested in stories about financial crashes than they are in the measures needed to prevent them. That is not a recipe for a happy ending. [Project Syndicate]

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John Aziz is the economics and business correspondent at TheWeek.com. He is also an associate editor at Pieria.co.uk. Previously his work has appeared on Business Insider, Zero Hedge, and Noahpinion.